Porsche to offer hybrids across model range

Porsche said last month it would spend about 1 billion euros ($1.08 billion) on production facilities at its biggest plant to make its first ever all-electric sports carReuters | February 01, 2016, 08:20 IST

A plug-in hybrid of the 911 model with a range of 50 kilometres (31.1 miles) will hit the market in 2018 already, Westfalen-Blatt quoted Blume as saying in a summary of an interview to be published on Monday.

Porsche said last month it would spend about 1 billion euros ($1.08 billion) on production facilities at its biggest plant to make its first ever all-electric sports car, reflecting parent VW's growing commitment to increase its electric offerings as it struggles to overcome an emissions scandal.

Porsche plans to bring the Mission E model, with more than 600 horsepower and a range of over 500 km, to market by the end of the decade.

At the same time, CEO Blume said he did not believe driverless cars were in Porsche's future, saying "an iPhone belongs in your pocket, not on the road", and that Porsche did not need to team up with any big technology companies.

"Partnerships are generally not a bad idea if one's own competencies are insufficient. But we are on the one hand part of a strong company and on the other hand have no plans to lead the charge in this area. We'll leave that to others," he said.

​​This comes as a surprise to the industry as Rakesh was recently elevated to the position of Directo Sales and Marketing which was the third promotion for him in six years of his tenure in the company.